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  • Projected Balance Sheet

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    Shubham Jha
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    The balance sheet projects XYZ Company's assets, liabilities, and equity as of September 30th, 2022 and September 30th, 2027. As of 2022, total assets are $52,300 including $27,300 in current assets such as cash and inventory. Total liabilities are $34,000, including $14,500 in current liabilities like accounts payable. Owners' equity is $18,300, consisting of invested capital and retained earnings. By 2027, total assets are projected to increase to $77,500 due to growth in both current and fixed assets. Total liabilities are expected to rise to $42,500, while owners' equity is projected to grow to $35

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    The balance sheet projects XYZ Company's assets, liabilities, and equity as of September 30th, 2022 and September 30th, 2027. As of 2022, total assets are $52,300 including $27,300 in current assets such as cash and inventory. Total liabilities are $34,000, including $14,500 in current liabilities like accounts payable. Owners' equity is $18,300, consisting of invested capital and retained earnings. By 2027, total assets are projected to increase to $77,500 due to growth in both current and fixed assets. Total liabilities are expected to rise to $42,500, while owners' equity is projected to grow to $35

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    31 views2 pages

    Projected Balance Sheet

    Uploaded by

    Shubham Jha
    The balance sheet projects XYZ Company's assets, liabilities, and equity as of September 30th, 2022 and September 30th, 2027. As of 2022, total assets are $52,300 including $27,300 in current assets such as cash and inventory. Total liabilities are $34,000, including $14,500 in current liabilities like accounts payable. Owners' equity is $18,300, consisting of invested capital and retained earnings. By 2027, total assets are projected to increase to $77,500 due to growth in both current and fixed assets. Total liabilities are expected to rise to $42,500, while owners' equity is projected to grow to $35

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Balance Sheet (Projected)

    XYZ Company
    Beginning Projected
    As of 09/30/2022 As of 30/09/2027

    Assets
    Current Assets
    Cash $15,000 $25,000
    Accounts Receivable $3,000 $1,000
    Inventory $2,000 $5,000
    Prepaid Expenses $2,500 $3,000
    Other Current Assets $4,800 $6,000
    Total Current Assets $27,300 $40,000

    Fixed Assets
    Machinery & Equipment $5,000 $10,000
    Furniture & Fixtures $4,000 $6,000
    Land & Buildings $15,000 $20,000
    Other Fixed Assets $1,000 $1,500
    Total Fixed Assets $25,000 $37,500

    TOTAL Assets $52,300 $77,500

    Liabilities

    Current Liabilities
    Accounts Payable $2,000 $4,000
    Interest Payable $5,000 $2,000
    Taxes Payable $6,000 $10,000
    Other Current Liabilities $1,500 $2,500
    Total Current Liabilities $14,500 $18,500
    Long-Term Debt
    Bank Loans Payable $3,000 $5,000
    Notes Payable to Stockholders $4,500 $4,000
    Other Long Term Debt $12,000 $15,000
    Total Long-Term Debt $19,500 $24,000

    Total Liabilities $34,000 $42,500

    Equity

    Owners' Equity
    Invested Capital $3,000 $5,000
    Retained Earnings $12,000 $24,000
    Other Equity $3,300 $6,000

    Total Owners' Equity $18,300 $35,000

    Total Liabilities & Equity $52,300 $77,500

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